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House Dem Sides With CFTC Over FERC

Law360 (September 27, 2007, 12:00 AM EDT) -- A Democratic chairman of a congressional subcommittee on Wednesday entered the turf war between the Federal Energy Regulatory Committee (FERC) and the Commodities Futures Trading Commission (CFTC), arguing that a 2005 law did not alter CFTC's mandate to take the lead in regulating U.S. energy futures markets.

Rep. Bob Etheridge (D-N.C.), chairman of the House of Representatives Agriculture Subcommittee on General Farm Commodities and Risk Management, argued for affirming the CFTC's primacy over FERC as the regulator of futures markets, including energy futures markets.

Etheridge's position...
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